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Sunday, September 16, 2012

Weekly Wrap

STI gained 58.72 points or 1.9% to closed at 3070.42 this week, the biggest gain in nine weeks. We are another 10points away to recent high ( 12 month high as well) at 3088. STI looks bullish, wind blowing to north with target at 3190( Yr 2010 close) if it can overtake 3088.


US market Dow and SPX both look bullish, as they hit their new multi year high since 2007 this week. More room to upside channel.


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